Looking for cheap renters insurance in New York? Consider getting quotes from State Farm, Allstate and LM Insurance. In our analysis these companies offer the cheapest rates of all the carriers surveyed. But it’s smart to get multiple quotes for New York renters insurance because the prices vary a lot among carriers. Below is the list of cheapest renters insurance companies in New York:

  • State Farm
  • Allstate
  • Liberty
  • LM Insurance
  • Travelers

Cheapest renters insurance companies in New York

According to Insure.com’s analysis, State Farm offers the cheapest renters insurance in New York at about $147 a year or $12 per month. Allstate is in second place with an average annual rate of $195. However, the cost of your premium may vary depending on factors specific to you.

CompanyAverage annual rateAverage monthly rate
State Farm$147$12
Allstate$195$16
Liberty$196$16
LM Insurance$204$17
Travelers$216$18
Automobile Insurance$228$19
Nationwide$229$19
Great Northern Insurance$271$23
USAA$353$29
Liberty$364$30
Farmers New Century$370$31
New York Central$394$33
Foremost$397$33
First Liberty$407$34
Safeco$591$49

Average cost of renters insurance in New York by coverage level

The average cost of renters insurance in New York is $230 per year or $19 per month. These rates are for coverage level of $20,000 for personal property, $300,000 for liability protection and $1000 as deductible.

Whereas, renters insurance costs $328 annually for coverage limit of $40,000 as personal property, $300,000 for liability and $1000 deductible.

Coverage levelAvg. annual renters insurance rateAvg. monthly renters insurance rate
$20,000$230$19
$40,000$328$27
$60,000$430$36

Most affordable ZIP codes for renters insurance in New York

14520 is the most affordable zip code for renters insurance in New York. Our insurance experts have analyzed price quotes from all the major carriers in New York and put together a list of the most affordable zip codes with cheapest renters insurance.

ZIP codeAverage annual rateAverage monthly rate
14520$259$22
14463$260$22
14425$261$22
14056$262$22
14036$263$22
13146$264$22
12803$265$22
12866$266$22
12871$267$22
12019$268$22

Least affordable ZIP codes for renters insurance in New York

Of all the zip codes analyzed by Insure.com, 11210 is the least affordable zip code for renters insurance in New York. Its average annual rate for New York renters is $435 a year or $36 per month. The insurance rates in a city can vary depending on many factors, such as crime rate and weather. A population with a low crime rate will have much lower premiums in comparison to other areas.

ZIP codeAverage annual rateAverage monthly rate
11210$435$36
11214$434$36
11224$433$36
11238$432$36
11204$431$36
11201$430$36
11968$421$35
11237$420$35
11243$419$35
11752$416$35

Renters and auto bundle discounts in New York

Bundling with your auto insurance is a great way to save money on renters coverage. If you purchase your auto and renters insurance policies from the same company you can save an average of $142 per year in New York.

Below is a list of companies that offer cheap rates upon bundling and you can also find how much you will have to pay if you don’t bundle your policies.

CompanyAverage annual rateAverage base annual rate (without bundling)$ bundle average savings% bundle average savings
Progressive$952$970$182%
Government Employees $1,917$2,018$1005%
State Farm$1,980$2,082$1015%
Adirondack Ins Exch$2,114$2,348$23410%
Allstate$2,402$2,467$653%
New York Central Mut Fire $2,682$2,993$31110%
Geico$3,127$3,291$1645%

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